NYU Retirement Plan Elections for January 1, 2014

NYU Retirement Plan Elections for January 1, 2014

Among the benefits available to you as a member of the New York University community effective January 1, 2014, is the opportunity to participate in one or both of NYU’s retirement plans.

NYU offers two distinct retirement plans:
-- NYU Retirement Plan: NYU contributes 5% of your salary after 1 year of service (including NYU-Poly service) and an additional 1% for every 1% of salary you elect to contribute, up to a maximum of 5%.
-- NYU Supplemental Tax Deferred Annuity (STDA) Plan: If you elect to contribute more than 5% of your retirement-eligible salary (subject to IRS limits), those contributions will be deposited into the STDA plan.

Please carefully consider the opportunities and features of the NYU retirement plans in order to submit your Salary Reduction Forms to NYU-Poly Human Resources by October 18, 2013. The elections you submit will become effective on January 1, 2014, the first day of your NYU employment. If your elections are not received by the October 18, 2013 deadline, the retirement plan contributions NYU makes on your behalf will be invested in the Plan’s default investment fund, which is the Vanguard Target Retirement fund appropriate to your age.

Investment Companies:
NYU has selected The Vanguard Group and TIAA-CREF to offer investment options under each plan. When you join the plan(s), you decide how the money in your account is invested. You can choose to invest your entire account with one investment provider or you can spread your investments between both investment companies.

Representatives of both vendors are available for one-on-one meetings. Your spouse or partner is welcome to attend your meeting. To set up an appointment: